A business has the following costs: Rent: (none, the owner owns the building. Similar stores rent for $5000 a month) Workers: $10000 a month Owner salary: none. The owner simply takes profits away and has no official salary. He could make $6000 a month if he worked somewhere else NOTE: KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED FOR MULTIPLE QUESTIONS What are the ECONOMIC profits of this business if revenues are $20000 a month? Question 2 options: 5000 10000 -1000 4000
A business has the following costs: Rent: (none, the owner owns the building. Similar stores rent for $5000 a month) Workers: $10000 a month Owner salary: none. The owner simply takes profits away and has no official salary. He could make $6000 a month if he worked somewhere else NOTE: KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED FOR MULTIPLE QUESTIONS What are the ECONOMIC profits of this business if revenues are $20000 a month? Question 2 options: 5000 10000 -1000 4000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
A business has the following costs:
Rent: (none, the owner owns the building. Similar stores rent for $5000 a month)
Workers: $10000 a month
Owner salary: none. The owner simply takes profits away and has no official salary. He could make $6000 a month if he worked somewhere else
NOTE: KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED FOR MULTIPLE QUESTIONS
What are the ECONOMIC profits of this business if revenues are $20000 a month?
Question 2 options:
|
5000 |
|
10000 |
|
-1000 |
|
4000 |
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